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How Artificial Intelligence can solve big issues like Pandemic, Climate Change, Inequality

The latest modifications in the technology industry are showcasing to be beneficial in almost every sector. More focus is now on Artificial Intelligence (AI) reducing the gap made by our predecessors in the pre-internet era. The gap which led to the various natural disasters, pandemics, and even inequalities from economic as well as providing opportunities […]

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The latest modifications in the technology industry are showcasing to be beneficial in almost every sector. More focus is now on Artificial Intelligence (AI) reducing the gap made by our predecessors in the pre-internet era. The gap which led to the various natural disasters, pandemics, and even inequalities from economic as well as providing opportunities to each person irrespective of their gender in private and public organizations.  Besides the common industries being in focus (financial services, medical and healthcare, logistics, etc), smart cities, smart homes, and transportation have started being the focal area. Interconnecting electronic devices with home appliances and driverless driving are two examples helping in increasing the curiosity across industries.

Constructing and Safeguarding Smart Cities from Natural
Disasters via AI.

In a way one could perceive implementing
artificial intelligence
and sister-like technologies on public infrastructure
like public transport cards, traffic lights being connected with road sensors. The
modification around traffic light infrastructure has been implemented in
Scotland’s Glasgow city. The Las Vegas health department in coordination with
Rochester university developed an application that assisted in filtering out
restaurants that were susceptible to inspections. AI-enabled computational
tools assist in safeguarding cyber-infrastructure that’s the core framework of
smart cities. Automated driving might seem fascinated at the face value (all
credit to Elon Musk’s Tesla cars), but is facing a couple of hurdles as it’s
still in the initial phase. There are three
phases for building smarter cities
. The first phase
focuses on planning. The second phase includes scrutinizing relevant articles. The
last phase or the third phase encompasses reporting and dissemination.
Employing such advanced technologies will help in saving electricity, water
wastage would be lowered, temperatures within the home would vary depending on the
outside environment. The fundamentals of constructing a home would be robust
that most natural disasters like earthquakes, cyclones, or the recent one
COVID-19 may be handled much better.

Almost all sensible, logical, and practical
technological experts agree that as artificial intelligence is in its initial
phase and there’s enormous scope for it in the future, one should take into
account a few pros and cons. It’s wise to hope for the best scenario but
simultaneously work for the worst scenario as well. The pre-requisites
for a responsible AI
should include resoluteness towards:

The incentives for developers, users, investors, and individuals who do the research and development must be such that they aspire to advance swiftly and morally as well. Another factor to be considered is by applying integrative research. Just like a piece of the song sounds best when each tone is played exactly at right time similarly, the benefit of artificial intelligence would be able to reach across the world when every industry fine-tunes with each other. A few potential hurdles to be alert from include validation and verification, the complexity of some AI models, user’s privacy and legitimacy, etc. Besides the mentioned hurdles, it better to alter algorithms consciously as more biases, behaviour manipulation, and social risks are cropping up frequently. This piece of research showcases a couple of factors that indicate the advantages and few loopholes as well in the technological platform present today. The six W’s bring out the crux about the myths and reality on the ground. Another crux which indicates the factors uniting all countries are the six E’s.

With the intermixing of globalization and
localization, one could look at the whole world as a big joint family. Partnering
and cooperating
have been seen in the past as well, like nations
coming together in the First and Second World War to fight against a common
enemy. Similarly, to make the planet blossom to its natural full potential,
firms and Governments of each nation need to come together and achieve this
common goal via AI. Almost every country has some unique value-add-on whether
be it in the Eastern part, or the Western part of the world. Working together
towards the same goal would surely make the future generations live a much
better life by inter-combining
the latest technological equipment’s in our daily lives

while keeping the utilization in moderation. Based on this
piece of research
, poverty would be almost extinct, no individual would
have to starve due to lack of food, the overall quality of education would
increase exponentially, the average life span of a human being may increase, sustainable
and eco-friendly cities and communities would be available, etc.

Alterations
in Human Rights and Equality via AI and sister-like innovations.

There has been a lot of discussions, debates, and some controversies as well regarding the
employability and human rights as to when the technology will get deployed 100%
on the round. The United States of America and China are the major hubs for
research around this particular area at the moment. The common issues which get
cropped up often include morality and ethics perspective. People who could be
said conservative tend to look AI with some hesitation to use it daily. But
those see themselves as republicans tend to use the technology without
hesitation.

With the Coronavirus pandemic spread across the world, nation leaders are facing
equality issues daily. Treating people who are under a specific age group and
neglecting those who might be susceptible to the virus is a harsh decision to
implement.

Seeing the issue from a technical and philosophical perspective, experts are finding it hard to conclude whether AI
and related technological platforms would enhance human life or make it worse. Some
clusters from a philosophical background generally think that robots and
machines would harm human society (as shown in the movie I, Robot (2004)). But
after a couple of researches, even technological experts are started to
showcase that if the algorithm is built with appropriate context/intent, the
robot or a machine would only aid a human being. The debate of
intermixing technology with humans in some perspective might go on for a little
while. But it would be ideal if the issue is resolved as quickly as possible
for the benefit of the present population on Earth

The post How Artificial Intelligence can solve big issues like Pandemic, Climate Change, Inequality appeared first on PrimaFelicitas.

Source: https://www.primafelicitas.com/how-artificial-intelligence-can-solve-big-issues-like-pandemic-climate-change-inequality/?utm_source=rss&utm_medium=rss&utm_campaign=how-artificial-intelligence-can-solve-big-issues-like-pandemic-climate-change-inequality

Blockchain

Opimas estimates that over US$190 billion worth of Bitcoin is currently at risk due to subpar safekeeping

Republished by Plato

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May 2021. Safekeeping of cryptocurrencies presents a challenge for institutions holding cryptocurrencies on their clients’ behalf. Cryptocurrency transactions are irreversible and anyone with full access to a wallet’s private key controls the cryptocurrencies that reside within it. Frighteningly, a number of institutional participants and even some large cryptocurrency exchanges rely on subpar custody approaches, leading Opimas to estimate that over US$190 billion worth of Bitcoin is currently at risk due to subpar safekeeping.

Luckily, a number of companies have emerged to address this problem. A new research report from Opimas—Crypto Custody: No More Excuses, authored by analysts Suzannah Balluffi and Anne-Laure Foubert—looks at the landscape of cryptocurrency custody-enabling technology providers and institutional-grade cryptocurrency custodians as well as the size of the market for cryptocurrency custody and brokerage services.

Some key findings in the report include:

Many of even the largest holders of Bitcoin and other digital assets continue to rely on storage devices meant for individual investors. Although some of these self-custody devices and wallets are secure and reputable, the operational risk posed by this approach is significant for institutional investors. Furthermore, a chunk of institutionals’ cryptocurrency holdings sit in hot wallets on exchanges. In total, about 22% of institutional cryptocurrency holdings are safeguarded in these relatively risky manners (Figure 1).

Figure 1. CUSTODY METHODS UTILIZED BY INSTITUTIONAL INVESTORS 

 

Source: Opimas analysis.

There are no more excuses for lackadaisical safekeeping – institutions can now choose from several reputable cryptocurrency custody-enabling technology providers and institutional-grade cryptocurrency custodians. Yet no custody solution is equal – there is still no best practice when it comes to security and governance relating to private keys. For example, some providers may rely on time-tested Hardware Security Modules (HSMs), while others use a newer technology known as Multi-Party Computation (MPC) – see Figure 2.

Figure 2. A COMPARISON OF HSM AND MPC TECHNOLOGY PROVIDERS

Source: Ledger, Fireblocks, Opimas analysis.

Some cryptocurrency custodians have followed in the footsteps of traditional capital markets by adding prime brokerage services to their offerings, including trading and settlement, lending, margin finance, staking, reporting, and capital introduction services. Opimas estimates that the current annual revenues generated by the institutional crypto brokerage and custody market are roughly US$2 billion and will grow to nearly US$8 billion by 2026 – a sizeable portion of this coming from brokerage services (Figure 3).

FIGURE 3. THE MARKET FOR CRYPTO CUSTODY & PRIME BROKERAGE SERVICES IS GROWING 

Source:  Opimas analysis. 

  • Regulations surrounding institutions’ ability to store cryptocurrency have become clearer (and in some cases more favorable) in numerous jurisdictions. Notably, the Office of the Comptroller of the Currency (OCC) ruling in the US has allowed banks to store cryptocurrencies for their customers. This regulatory clarity has led a number of financial institutions around the world to provide trading and custody for digital assets. With the advances in brokerage and custody solutions, Opimas expects institutional cryptocurrency holdings to grow from 20% of the cryptocurrency market cap to over 50% by 2026 (Figure 4).

FIGURE 4. INstitutional cryptocurrency holdings over time 

Source:  Opimas analysis.

Source: PlatoData Intelligence

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Blockchain

Bitcoin (BTC) Price Prediction: BTC/USD Faces Rejection Thrice at the $60,000 Resistance Zone, Resumes Downward Correction

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Bitcoin (BTC) Price Prediction – May 9, 2021
Bitcoin bulls have broken above the $58,000 resistance but the bullish momentum could not be sustained. Today, BTC/USD traded as price reached the high of $59,450. The king coin is likely to retrace to $57,000 low if the bulls fail to break the $60,000 psychological price level.

Resistance Levels: $65,000, $70,000, $75,000
Support Levels: $50,000, $45,000, $40,000

BTC/USD – Daily Chart

Bitcoin price was rejected thrice at the $60,000 resistance level. Buyers made frantic efforts to sustain the bullish momentum above the recent high but were repelled by overwhelming selling pressure. Consequently, Bitcoin has resumed a downward move as a result of a strong rejection at the resistance of $59,200. The current retracement will extend to the low of $57,000. Nevertheless, if price breaks below the $57,000 support, the market will continue the downward move. That is, the selling pressure will extend to the low of $53,000. On the upside, if price retraces and finds support above $58,000, the upside momentum will resume.

Bank of England Governor Warns on Crypto Investment
Andrew Bailey is the governor of the Bank of England who has warned crypto investors of the inherent dangers of cryptocurrency investment. The governor argued that cryptocurrencies lacked intrinsic value. According to him, “I would only emphasize what I’ve said quite a few times in recent years, [and] I’m afraid they have no intrinsic value. I’m sorry; I’m going to say this very bluntly again: Buy them only if you’re prepared to lose all your money.” Bailey’s comments are coming at a time when crypto markets are characterized by a huge spike in crypto prices. Major altcoins such as Polkadot, Chainlink, and XRP have also seen vertical price actions.

BTC/USD – 4 Hour Chart

Bitcoin risks another downward correction as the king coin faces stiff rejection at the $59,450 resistance. The Fibonacci tool has already indicated a marginal upward move of Bitcoin and a possible reversal. On May 1 uptrend; a retraced candle body tested the 78.6% Fibonacci retracement level. The retracement indicates that Bitcoin will rise to level 1. 272 Fibonacci extension or the high of $59,819.90. From the price action, BTC price has reached a high of $59,450 and has commenced a downward move.

Coinsmart. Beste Bitcoin-Börse in Europa
Source: https://insidebitcoins.com/news/bitcoin-btc-price-prediction-btc-usd-faces-rejection-thrice-at-the-60000-resistance-zone-resumes-downward-correction

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Blockchain

Dogecoin dumps following mention from Elon Musk on Saturday Night Live

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Meme cryptocurrency Dogecoin finally got its long-awaited shoutout on Saturday Night Live — but despite hodler hopes, the immediate result has been a violent dump.

First teased by entrepreneur and DOGE cheerleader Elon Musk in late April, the Tesla CEO finally mentioned the digital asset on live television tonight in his opening monologue of the sketch comedy show. The reference was a throwaway line from Musk’s mother, who joined him onstage and asked if her Mother’s Day gift would be Dogecoin; Musk replied that it would be. 

In the minutes afterwards, $DOGE dumped upwards of 25%, falling as low as $.50 from $.66 highs at the start of the show. It has since partially recovered, trading at $.52 at the time of publication.

An hour before the episode began, the price of DOGE sat at $.66, down from an all-time high of $.72. A pair of bearish headwinds may have shared responsibility for the pullback: Musk himself seemed to try and get ahead of the hype, urging followers in a Tweet to “invest with caution,” and a host of new data indicates that many investors may be rolling their DOGE profits into other, largecap digital assets

Additionally, Barry Silbert — the founder and CEO of Digital Currency Group, the parent company of crypto investment vehicle company Grayscale — announced a public short on DOGE via the FTX exchange. In a series of follow-up Tweets, he revealed that the position was $1 million in size, and that any proceeds or remaining funds after closing the short would be donated to charity. 

(It’s unclear if Silbert was is using “we” in reference to Digital Currency Group, one of its portfolio companies, or is simply and bizarrely using a plural pronoun in reference to himself). 

Many DOGE investors were nonetheless holding out hope for a high-profile shoutout on what looked to be a major pop culture event. NBC, the studio behind SNL, chose for the first time ever to live-stream the episode on Youtube, per the Wall Street Journal.

Even a mention could have significant impact on the price of DOGE as well: the meme currency has proven to be susceptible to price movements based on positive social media volume, and multiple studies have shown that Tweets from Musk often lead to price appreciation. A mention on an even bigger platform was thought to potentially lead to even greater gains. 

Leading into the premier of the episode, Alameda Research trader Sam Trabucco (who said in a previous Tweet that he was “studying the typical SNL episode structure to try and understand when a DOGE mention would be the most natural”) speculated that if a joke or mention didn’t come in Musk’s opening monologue, it would be “all over.”

Despite arriving during the monologue, traders nonetheless responded negatively. It remains to be seen if a DOGE-centric skit later in the show can perhaps turn the speculative asset’s fortunes around.

Coinsmart. Beste Bitcoin-Börse in Europa
Source: https://cointelegraph.com/news/dogecoin-dumps-following-mention-from-elon-musk-on-saturday-night-live

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